Mathematics · Earnings Per Share
Plumstead Co had 4 million equity shares in issue throughout the year ended 31 March 20X7. On 30 September 20X7, it made a 1 for 4 bonus issue. Profit for the year ended 31 March 20X8 was $3.6 million. The financial statements for the year ended 31 March 20X7 originally showed earnings per share (EPS) of $0.70. What is the EPS for the year ended 31 March 20X8 and the restated EPS for the year ended 31 March 20X7?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1EPS 20X8: $0.72; Restated EPS 20X7: $0.56✓
- 2EPS 20X8: $0.73; Restated EPS 20X7: $0.54
- 3EPS 20X8: $0.78; Restated EPS 20X7: $0.56
- 4EPS 20X8: $0.72; Restated EPS 20X7: $0.57
Correct answer
EPS 20X8: $0.72; Restated EPS 20X7: $0.56
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